Haverty Furniture Reports Record November Sales
06 Dezember 2005 - 1:30PM
PR Newswire (US)
ATLANTA, Dec. 6 /PRNewswire-FirstCall/ -- Haverty Furniture
Companies, Inc. (NYSE: HVT; HVT.A) today reported record November
sales for the period ended November 30, 2005. Havertys' November
sales increased 7.5% to $77.9 million, compared with $72.4 million
in November 2004. On a comparable-store basis, November sales
increased 4.0%. Comparable-store sales do not include stores or
locations opened, closed or otherwise non-comparable during the
last 12 months. Sales for the eleven months of 2005 increased 6.1%
to $748.6 million compared with $705.9 million in 2004. On a
comparable-store basis, sales increased 2.0% for the eleven months.
Sales in Millions Total Comparable- (unaudited) Sales Store Sales
2005 2004 %Change %Change November $77.9 $72.4 + 7.5 % + 4.0 % Q-4
to Date $146.5 $138.5 + 5.8 % + 2.4 % Eleven Months $748.6 $705.9 +
6.1 % + 2.0 % A new monthly sales record for November was set as
the Company benefited from peak seasonal demand and one extra
regular delivery day. Written sales orders increased slightly in
total and were down by a low single-digit percent for comparable
stores. Richard Gallagher has been promoted to vice president,
merchandising, to fill the vacancy left by Robert Kirchmeyer who
accepted a position with a flooring retailer. Mr. Gallagher has
served the Company in a number of key roles, including assistant
vice president of store operations, and brings excellent skills to
the merchandising team. Havertys is a full-service home furnishings
retailer with 117 showrooms in 17 states in the Southern and
Midwestern regions providing its customers with a wide selection of
quality merchandise in middle- to upper-middle price ranges.
Additional information is available on the Company's website at
http://www.havertys.com/. News releases include forward-looking
statements, which are subject to risks and uncertainties. Factors
that might cause actual results to differ materially from future
results expressed or implied by such forward-looking statements
include, but are not limited to, general economic conditions, the
consumer spending environment for large ticket items, competition
in the retail furniture industry and other uncertainties detailed
from time to time in the Company's reports filed with the SEC.
Contact for Information: Dennis L. Fink, EVP & CFO or Jenny
Hill Parker, VP, Secretary & Treasurer (404)443-2900
DATASOURCE: Haverty Furniture Companies, Inc. CONTACT: Dennis L.
Fink, EVP & CFO, or Jenny Hill Parker, VP, Secretary &
Treasurer, both of Haverty Furniture Companies, +1-404-443-2900 Web
site: http://www.havertys.com/
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